The disclosed value of UK venture capital funding deals dropped by more than half between January and August 2023 compared to last year, although the UK remains a top five global market for VC fundraising.
The UK witnessed 898 venture capital funding deals in the first eight months of 2023, a 27.2% drop in volume compared to the same period in 2022, according to research by GlobalData. Funding deals totalled $8.7bn for the period, registering a 52.6% decline versus the same period last year, a "significantly steeper" fall, the group said. In comparison, the UK saw the announcement of 1,233 venture capital funding deals between January and August 2022, at a disclosed value of $18.3bn. VCTs prove resilient against wider venture capital industry decline Despite the year-on-year decli...
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